Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Redknapp faces 'bung' charges
AP, January 24th, 2012 1:04PM

MOST READ

MOST COMMENTED

Tottenham manager Harry Redknapp appeared in a London court Tuesday to stand trial in a case accusing him of concealing a foreign bank account from British tax authorities while manager of Portsmouth. According to prosecutor John Black, Redknapp claimed not to know how $295,000 made in two payments from Portsmouth arrived in his Monaco bank account, despite him flying to the principality in 2002 to open the account. Black contends each payment was an “off-record bonus” or “bung,” a British term used to mean a bribe. Former Portsmouth owner Milan Mandaric is accused of making the payments during the first of Redknapp's two stints with the club (2002-04 and 2005-08).

Redknapp denied taking a “bung” in a Feb. 2009 conversation with a journalist, according to a transcript read to London’s Southwark Crown Court on the second day of the trial. “It’s nothing to do with a bung -- it’s paid by the chairman,” Redknapp told a reporter with the now-defunct News of the World. "If it was something dodgy I would have gone over there and brought it back in a brief case."

The court heard Monday that Redknapp did not mention the account’s existence during an investigation by Britain’s tax authority over his transfer dealings at West Ham, which he managed between 1994 and 2001. A 300,000-pound bonus Redknapp received from the sale of now-Manchester United defender Rio Ferdinand to Leeds from West Ham prompted that investigation. In November of 2007, while manager of Portsmouth, Redknapp was arrested, and existence of the account in Monaco came to light the following year.

Charges in the current case are that Mandaric paid $145,000 into Redknapp’s Monaco bank account in May 2002, prompted by Peter Crouch’s sale from Portsmouth to Aston Villa, and another $150,000 two years later to avoid paying income tax and national insurance. Mandaric is currently chairman of Division One (third division) club Sheffield Wednesday. Both men have denied the charges.

 

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
FIFA Sets Meeting to Discuss Qatar 2022    
FIFA has said it will step up the search for new dates to play the 2022 ...
Poll: Fans Think Real is Weaker Than Last Season    
According to a poll conducted by Spanish daily AS, Real Madrid fans think their team is ...
Last Minute Deals for Cleverly, Falcao, Welbeck Completed    
Tom Cleverly on Tuesday completed a season-long loan switch to Aston Villa from Manchester United, despite ...
Report: EPL Clubs Spend Close to $1.4 Billion on Summer Transfers     
English Premier League teams smashed the previous record for spending during the summer transfer window after ...
Several World Cup Stars to Miss Final Rematch     
Lionel Messi is one of four injured Albiceleste stars for the World Cup final rematch between ...
Ronaldo: I Can't Say What I Think About Real's Transfers     
Cristiano Ronaldo, who missed Real Madrid's shock 4-2 defeat at Real Sociedad with a lingering knee ...
Ancelotti: Attitude to Blame for La Real Loss    
Real Madrid coach Carlo Ancelotti rejected suggestions that Xabi Alonso's departure to Bayern Munich was to ...
Creighton shuts down Jordan Morris    
No. 24 Creighton got goals by freshman Ricky Lopez-Espin and Fabian Herbers to beat No. 13 ...
Redknapp to Sign Two-Year QPR Extension    
Despite losing his first three games of the season, Queens Park Rangers coach Harry Redknapp revealed ...
Hernandez, Juve Agree Personal Terms    
The Corriere dello Sport on Friday reported that Juventus has agreed personal terms with Manchester United ...
>> Section 2 Around the Net Archives